Bitner Lawrence William 4
4 · Eastern Insurance Holdings, Inc. · Filed Apr 27, 2009
Insider Transaction Report
Form 4
Bitner Lawrence William
Director
Transactions
- Exercise of In-Money
Common Stock Warrants
2009-03-10−244,879→ 21,304 totalExercise: $1.63From: 2006-06-09Exp: 2012-04-03→ Common Stock (244,879 underlying) - Tax Payment
Common Stock
2009-03-10$1.63/sh+180,291$293,874→ 326,557 total
Footnotes (1)
- [F1]On March 10, 2009, Mr. Bitner elected to make a cashless exercise of his warrant to purchase 244,879 shares of common stock of the registrant at an exercise price of $1.63 per share. As a cashless exercise, Mr. Bitner did not pay cash consideration to purchase the 244,879 shares of common stock to which he was entitled pursuant to the warrant but instead received a reduced number of shares of common stock (180,291) upon such cashless exercise.